[Breaking] New York Stock Market Continues Downtrend, Rebounds Over 1%... Nasdaq Up 1.28%
[Asia Economy New York=Special Correspondent Joselgina] Major indices on the U.S. New York Stock Exchange closed higher on the 4th (local time) amid mixed signals from the employment report, as investors awaited next week's midterm elections and the Consumer Price Index (CPI) announcement. News that China may ease its COVID-19 lockdown policies also exerted upward pressure on stock prices.
On this day, the Dow Jones Industrial Average closed up 1.26% from the previous session. The large-cap-focused S&P 500 index rose 1.36%, and the tech-heavy Nasdaq index finished up 1.28%.
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The New York stock market, which had been declining all week due to concerns over aggressive tightening and economic slowdown, rebounded. However, on a weekly basis, all three major indices ended lower.
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